747# FPS Trend Strategy
Three exponentials moving averages filtered by FPS Trend Indicator
FPS Trend for slow trend following strategy
Submit by Ron
FPS Trend Strategy is a slow trend following strategy based on three exponentials moving averages filtered by FPS trend indicators with differents periods.
This system is for day trading or swing trading.
Trades only in direction of the main trend. The first step is find the main trend.
Time frame 5 min or higher.
Currency pairs: EUR/USD, USD/JPY, GBP/JPY, AUD/USD, USD/CAD, EUR/NZD, AUD/JPY, GBP/USD.
Exponential moving average 5 period, close.
Exponential moving average 13 period, close.
Exponential moving average 55 period, close.
FPS Trend 9 periods.
FPS Trend 21 periods.
Trading Rules FPS Trend Strategy
FPS Trend 9 periods and FPS Trend 21 periods are with green bar.
Ema 13 crosses upward from bottom EMA 55.
Place initial stop loss below low swing.
Make profit is discretionary
FPS Trend 9 periods and FPS Trend 21 periods are with red bar.
Ema 13 crosses downward from top EMA 55.
Place initial stop loss below high swing.
Make profit is discretionary.
Advantges of this strategy is that the entries are good because based on an effective filter system
Disadvantages are that management of position is discetionary, then, it needs a plan for exit strategy.
In the pictures FPS Trend Strategy in action.
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